Balnarring, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Balnarring
VICCensus 2021 · Population 2,367
Balnarring is a coastal suburb with a total population of 2,367 and a median age of 46, which is higher than the Victorian average of 38. The suburb has a balanced gender distribution with 48.2% males and 51.8% females. Families in Balnarring tend to be couples without children (45.6%) and couples with children (43.8%), with a smaller percentage of single-parent households (9.9%). The area is predominantly owner-occupied, with 48.8% of homes owned outright and 39.6% owned with a mortgage, compared to the Victorian average of 68.3% ownership.
Key Highlights
- Low unemployment rate of 1.7% compared to the Victorian average of 5.0%
- High percentage of separate houses at 95.2% (vs VIC 73.4%)
- Above average median household income of $1,918 weekly (vs VIC $1,759)
- Significant proportion of professionals at 25.0% of the workforce
- High owner-occupancy rate with 48.8% owning homes outright
Things to Consider
- Higher median weekly rent at $480 may impact affordability
- Limited public transport usage at 0.4%
- Lower percentage of residents born overseas at 20.6% (vs VIC 35.0%)
- Higher median age of 46 may not appeal to younger demographics
- Low percentage of apartments at 0.5%, limiting housing diversity
What's it like living here?
Daily life in Balnarring is characterized by a strong sense of community and a preference for private transport, with 52.0% of residents driving to work. The suburb has a notable percentage of residents working from home (26.7%), slightly above the Victorian average of 25.7%. The community is predominantly English-speaking, with 91.3% of residents speaking only English at home.